Definition of "rediscount" []

• To discount again. (verb-transitive)
• The act of rediscounting. (noun)
• Commercial paper that is discounted a second time. Often used in the plural. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The so-called rediscount rate—the rate the central bank pays commercial banks on their surplus funds—has been raised to 12% from 7%, the State Bank of Vietnam said in a statement posted on its website."
• ""The central bank's decision to sharply raise its rediscount rate is aimed at encouraging banks to hold more funds, after it said it wants to cut credit growth to less than 20% and limit money supply expansion to less than 16% this year," said an analyst with Hanoi-based Agribank."
• "The bank kept its benchmark rate unchanged at 9%, where it has been since November, and the rediscount rate at 12%, after raising it from 7% last month."